FEMA , share to NRI

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CA VINOD JAIN (Querist)
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25 July 2007 To one NRI if there is any restriction of any gift in way of shares of pvt. ltd. compnay,

if not then how much % share we can give him as gift

Shashi Mohan Jha

Shashi Mohan Jha (Expert)
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25 July 2007 I don`t think you can issue any shares to a NRI for free as RBI/FC-GPR/CCI Valuation rules would apply.

CA VINOD JAIN

CA VINOD JAIN (Querist)
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25 July 2007 we are gifting not issuing

Shashi Mohan Jha

Shashi Mohan Jha (Expert)
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25 July 2007 I understand that the ownership of the shares would not change in this case

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